Zhejiang Geely Holding Group, China’s largest privately owned carmaker, is raising €3.05bn to fund its acquisition of an 8.2% stake in Swedish truckmaker AB Volvo, in one of the country’s biggest outbound investments this year.

The three banks leading the US$13.5bn-equivalent loan and bond financing backing US private equity firm Blackstone Group’s acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit are getting ready to sign more banks into the deal.